Repairs: Tips for Landlords
Not only are we letting agents and estate agents here at Space, we are also landlords ourselves. We understand that there is nothing more frustrating than being advised that the tenant has called because there is a maintenance issue at the property. Properties do not stand still; they need to be repaired and more importantly maintained. At Space we believe that prevention is better than cure. When managing your home, we will attend the property to carry out an annual maintenance inspection. This inspection will provide the landlord with details of any maintenance which we believe should be carried out. The landlord is of course then free to choose who they wish to carry out the maintenance. Alternatively, we can suggest reputable local maintenance companies.
Boiler issues are almost always the main reason for tenant call outs. Unfortunately, these tend to be in the winter months as the boilers are being used more frequently. However, if when you have your annual gas safety check you also have your boiler serviced then you will have many more years of breakdown free renting. Our local plumbing teams usually install Baxi, Main, Bosch or Worcester boilers. Experience has shown that these boilers (when maintained and serviced) will give you many more years of trouble-free running. If you look at the cost of a replacement boiler including fitting at £1500, most boilers should last and are in fact guaranteed for a minimum of 5 years. After that you are looking at approximately £300 a year which is less than £1.00 a day.
Our plumbing partners also offer interest free finance options. We cannot stress enough the importance of having your boiler serviced together with a gas safety check. It is better to maintain a boiler when it suits both you and the tenant rather than being advised that the boiler is beyond economical repair and leaving you with an emergency call out charge.
Another great source of call outs during the winter months are roof repairs. Again, a lot of the call outs that we see are simply down to the exterior of the building not being maintained. Again, we recommend an inspection of your roof approximately every three years and a full paint of the external parts of the building every 5 years. If your building, roof, downspouts or guttering is leaking then eventually moisture will come into the property which can cause substantial damage to the property. If you feel that you have a property that requires roof work, we will happily recommend you to some local expert roofing companies.
Your property is a financial asset; not only should it provide you with income but should also provide some capital appreciation over time. However, without pre planned proactive maintenance your property could end up costing you more in repairs than you have budgeted for. To reiterate our initial advice, in the long run maintenance is better than a repair.